Foreclosure Homes in Madison, WI

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View this home at Ponwood Cir Madison WI 53717
$331,240 EMV
Ponwood Cir
Madison, WI 53717
EST. RENT: $2,230
AUCTION: 05-07-2024
View this home at Person Elizabeth Waters Hall Madison WI 53706
Person Elizabeth Water...
Madison, WI 53706
AUCTION: 05-14-2024
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Madison, WI Foreclosures

How much do homes sell for in Madison, WI?
The average home price is currently $426,382.
In Madison, WI, how many homes are available?
There are currently 71,274 active home listings available in Madison.
What’s the average rental cost in Madison, WI?
The average rental price in Madison is $1,679.
What is the most expensive home in Madison, Wisconsin?
The most expensive home sold in Madison had a price of $23,627,800.
What is currently the cheapest priced home in Madison, WI?
The cheapest home for sale in Madison is priced at $21,945.

Home Value Estimator For Madison, WI

There are currently 71,274 real estate properties in Madison, WI, with a median automated valuation model (AVM) price of $382,750.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Madison, WI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Madison, WI, is $426,382.00, with the most expensive house in Madison, WI, topping out at $23,627,800.00 and the cheapest home in Madison, WI, clocking in at $21,945.00. In other words, there’s something for every potential homebuyer or savvy investor in Madison, WI!

Rent Prices In Madison, WI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Madison, WI, is on a rollercoaster ride. The average rent price in Madison, WI, is $1,679.00. Indeed, when looking to rent in Madison, WI, you can expect to pay as little as $630.00 or as much as $3,780.00, with the average rent median estimated to be $1,630.00. The good news is that finding an affordable and desirable property to rent in Madison, WI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Madison, WI In 2024

Madison is located in Dane, Wisconsin, with an estimated municipal population of 259,680 residents. All of the best foreclosed homes for sale in Madison are located in the following zip code areas on 53706 53704 53705 53703 53726 53792 53719 53718 53715 53714 53717 53716 53711 53713 53701 53707 53708 53725 53774 53777 53782 53783 53784 53785 53786 53788 53790 53793 53794. The estimated population per square kilometer (.62 miles) in Madison is 1,263.

Cost Of Living In Madison, WI

So, about how much do homes cost in Madison? The most recent median value of resident-owned homes in Madison is 246,383. An estimated 47 percent of households in Madison own their homes, with an average family size of 2.87. The median household income in Madison is 65,332, with30.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Madison, the median commute time of resident workers (in minutes) is 19.6. And last, but certainly not least, are you looking for homes to rent in Madison? If so, the average rent price paid by renters in Madison is 1,118, according to recent statistics.

Diversity And Demographics In Madison, Wisconsin

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Madison, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Madison is 31, split between 49.5 percent male versus 50.5 female. The percentage of residents who report being married in Madison is 37.3, with an average family size of 2.87.

The percentage of residents who report their race in Madison is as follows:

White 78.6%
Black / African American 7%
Asian 9%
American Indian / Alaskan Native 0.5%
Native Hawaiian / Other Pacifc Islander 0.1%
Multi-racial 3.5%
Other 1.4%

Looking for family-friendly neighborhoods in and/or near Madison? Or maybe you are searching for 55+ active adult communities in and/or near Madison?

The percentage of residents who report their age in Madison is as follows:

Under 10 9.4%
Aged 10-19 11.9%
20s 26.7%
30s 15.6%
40s 10.4%
50s 9.7%
60s 9.1%
70s 4.5%
80+ 2.8%

Best Schools In Madison, Wisconsin

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Madison with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Madison.

Pros And Cons Of Living In Madison, Wisconsin

How do you know that living in -- or moving to -- Madison is right where you need to be? Perhaps you grew up in Madison or already live nearby; therefore, the decision to buy a home in Madison is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Madison for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Madison:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Madison.

Reasons To Move To Madison, Wisconsin, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Madison can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Madison, meanwhile, can field multiple offers from more qualified buyers.

Madison, WI Foreclosures


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